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Author Question: In the short run, ________ increases the quantity of labor demanded by the firm. A) a decrease in ... (Read 42 times)

urbanoutfitters

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on: Jun 29, 2018
In the short run, ________ increases the quantity of labor demanded by the firm.
 
  A) a decrease in the price of the firm's output
  B) an increase in the prices of other factors of production used by the firm
  C) a technological advance that decreases the marginal product of labor
  D) a decrease in the wage rate

Question 2

The figure above shows the cost, demand, and marginal revenue curves for a monopoly. At an output level of ________, demand is ________.
 
  A) 20; elastic
  B) 50; unit elastic
  C) 50; elastic
  D) 30; unit elastic


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Zebsrer

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


urbanoutfitters

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bigsis44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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